$1,100,000
$1,100,000
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3307 Valley High Rd Sevierville, TN 37862
5 Beds
3 Baths
4,200 SqFt
Key Details
Sold Price $1,100,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $261
Subdivision Valley Home Estates
MLS Listing ID 1223314
Sold Date 05/31/23
Style Cabin
Bedrooms 5
Full Baths 3
Originating Board East Tennessee REALTORS® MLS
Year Built 1995
Lot Size 1.250 Acres
Acres 1.25
Property Description
This is an exceptional opportunity to acquire a profitable rental property located in a highly desirable vacation destination. The property boasts a unique feature, allowing it to be rented as either a 5-bedroom or a 3-bedroom and 2-bedroom configuration, thereby catering to various group sizes. Furthermore, it comprises two rentals on a single plot, providing a potential source of additional income.
We have secured a guarantee of $170,000 in gross revenue from a reputable local property management firm at an 80/20 revenue sharing arrangement. The primary residence is well-appointed with three bedrooms and two bathrooms, complemented by a game room and theater room. The guest house includes two bedrooms and one bathroom, a capacious living area, and an adjacent game room. Additionally, the property offers captivating views of Cove Mountain from every angle.
We have matterports of all three buildings, but our system will only let us upload one. Please reach out if you'd like to see a virtual walkthrough of each building.
Location
State TN
County Sevier County - 27
Area 1.25
Rooms
Other Rooms Mstr Bedroom Main Level
Basement Finished
Guest Accommodations Yes
Interior
Heating Central, Propane, Electric
Cooling Central Cooling
Flooring Vinyl
Fireplaces Number 1
Fireplaces Type Gas Log
Fireplace Yes
Appliance Dryer, Self Cleaning Oven, Refrigerator, Microwave, Washer
Heat Source Central, Propane, Electric
Exterior
Exterior Feature Deck
Garage Main Level, Off-Street Parking
Garage Description Main Level, Off-Street Parking
View Mountain View
Parking Type Main Level, Off-Street Parking
Garage No
Building
Lot Description Rolling Slope
Faces Take US-321 S/Wears Valley Rd to Robeson Rd 17 min (9.4 mi) Turn right onto Parkway 1.5 mi Use the left 2 lanes to turn left onto Wears Valley Rd 0.2 mi Continue onto E Old Wears Valley Rd 217 ft Continue onto US-321 S/Wears Valley Rd Pass by Taco Bell (on the right) 7.6 mi Continue on Robeson Rd. Take Valley Home Rd to Valley High Rd 3 min (1.2 mi) Turn left onto Robeson Rd 0.7 mi Turn left onto Covemont Rd 0.2 mi Continue straight onto Valley Home Rd 0.3 mi Turn left onto Valley High Rd
Sewer Septic Tank
Water Well
Architectural Style Cabin
Additional Building Guest House
Structure Type Log
Schools
Middle Schools Pigeon Forge
High Schools Pigeon Forge
Others
Restrictions Yes
Tax ID 124 039.21
Energy Description Electric, Propane
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